2.

11 Percent of Increase and Decrease

Goal: - I can find percent increase and decrease.

Vocabulary Percent Change

A percent change is an increase or decrease given as a percent of the original amount.

A percent increase describes an amount that has grown. A percent decrease describes an amount that has been reduced.

Find each percent change. Tell whether is a percent increase or decrease. From 25 to 49 Percent change = amount of increase or decrease original amount

Percent change = 49 - 25 25 Percent change = 0.96 = 96%. This is a percent increase, why?

Find each percent change. Tell whether is a percent increase or decrease. From 50 to 45 Percent change = amount of increase or decrease original amount Percent change = 50 - 45 50 Percent change = 0.10 = 10%. This is a percent decrease, why?

Formula:
Amount of Change Decimal Percent Original Amount

To change a decimal to a percent move the decimal two places to the right and add a percent symbol.
BACK

Example #1
If a stock was $15 yesterday, and today it closed at $13. What is the percent of decrease?
What is the amount of change?15 13 2

2 Amount of Change 0.133 13.3% 15 Original Amount

BACK

Example #2
To use a payphone in the 1950s it cost $0.10. Today it costs $0.35. What is the percent of increase?

$0.35 $0.10 $0.25

0.25 2.50 250% 0.10

BACK

YOUR TURN: Find each percent change. Tell whether is a percent increase or decrease. 1. From 200 to 110 2. From 25 to 30 3. From 80 to 115

Example #3
The price of a pack of gum has gone up by 16%, or 10. What is the old price?
Amount of change = 0.10

Percent of change as a decimal = 0.1667

0.10 0.1667 x

0.10 0.1667x
$0.60 x
BACK

If Matt bought a motorcycle for $3000, how much would the tax be? What would his total cost be?
Sales tax is 6.5% or 0.065

3000 0.065 $195

Tax = $195
Total Cost = $3000 + $195 = $3195

Finding the result of a Percent Increase of Decrease Find the result when 30 is increased by 20%

0.20(30) = 6
30 + 6 = 36 Find the result when 65 is decreased by 80%

0.80(65) = 52
65 52 = 13

Vocabulary

Discount
A discount is an amount by which an original priced is reduced. Discount is a % of the original price. Final price = original price discount.

Markup
A markup is an amount by which an original priced is increased. Markup is a % of the original price. Final price = original price + markup.

Discounts two methods

Admission to the museum is $8. Students receive a 15% Discount. How much is the discount? How much do students pay? Method 1 Discount is a percent decrease. 0.15(8) = 1.20 8 1.20 = 6.80 Method 2 Subtract percent discount from 100%. 100% - 15% = 85% 0.85(8) = 6.80 8 6.8 = 1.20

Christo used a coupon and paid $7.30 for a pizza that normally costs $10.50. Find the percent discount.
$10.50 - $7.35 = $3.15 $3.15 = x(10.50) 3.15 x 10.50 10.50 10.50

0.3 = x The discount is 30%

YOUR TURN

1. A $220 bicycle was on sale for 60% off. Find the sale price.
2. Ray paid $12 for a $15 T-shirt. What was the percent discount?

Markups two methods

Caleb buys a necklaces at a wholesale cost of $48 each. He then marks up the price by 75% and sells them. What is the amount of the markup? What is the selling price? Method 1 Markup is a percent increase. 0.75(48) = 36 48 + 36 = 84 Method 2 Add the markup to 100%. 100% + 75% = 175% 1.75(48) = 84 84 48 = 36

Lars purchased a daily planner for $32. The wholesale cost was $25. What was the percent markup?
32 5 =27 7 = x(25) 7 25 x 25 25

0.28 = x The discount is 28%

YOUR TURN

1. A video game has a 70% markup. The wholesale cost is $9. What is the selling price?
2. What is the percent markup on a car selling for $21,850 that had a wholesale price of $9500?